Ratings

Best Affirms Lloyd’s, Lloyd’s (China) Ratings; Outlook Positive

A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of Lloyd’s and Lloyd’s Insurance Company (China) Limited (LICCL) (China). Best also affirmed the ICR of “a” of Society of Lloyd’s …

Best Comments on Insurance Implications of Malaysia Airlines Flight MH-17 Crash

A.M. Best has released a preliminary report, which indicates that the “total insurance loss of Malaysia Airlines Flight MH-17, which crashed over the Ukraine-Russia border on July 17, 2014, is not expected to result in any ratings actions.” Best’s Briefing entitled, “The …

Best Takes Rating Actions on AXA Financial, Certain Subsidiaries

A.M. Best has revised the outlook of the issuer credit ratings (ICR) to stable from negative and affirmed the ICR of “a-” and debt ratings of New York-based AXA Financial, Inc., and has revised its outlook on the ratings to …

Best Affirms Allianz Global Risks US Insurance Co. & Subs Ratings

A.M. Best has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit ratings of “aa-” of Allianz Global Risk US Insurance Company, Allianz Underwriters Insurance Company and AGCS Marine Insurance Company (collectively referred to AGCS NA). The …

S&P Raises Liberty Mutual’s Ratings; Outlook Revised to Stable on NICO Deal

Standard & Poor’s Ratings Services announced that it has raised its ratings on Liberty Mutual Insurance Co. to ‘A/A-1′ from ‘A-/A-2′, as well as its ratings on parent company Liberty Mutual Group Inc. to ‘BBB’ from ‘BBB-’, and its ratings …

S&P Scores Global P/C Reinsurance Sector Risk As ‘Intermediate’

Standard & Poor’s Ratings Services has issued an intermediate insurance industry and country risk assessment (IICRA) score on the global property and casualty reinsurance sector. The report “Insurance Industry And Country Risk Assessment On The Global Property/Casualty Reinsurance Sector” gives …

Best Assigns Ratings to Starr Property & Casualty Insurance (China)

A.M. Best has assigned the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” to Starr Property & Casualty Insurance (China) Company, Limited (Starr China), formerly known as Dazhong Insurance Company Limited. The name change is pending …

Why Isn’t Current Pricing Pain Impacting Reinsurers’ Ratings? – Litmus Analysis

Since the disappointing pricing at the 1.1. renewal the bad news on reinsurance pricing has kept on coming. April, June and July renewals were all reported as materially down by the major brokers. S&P adopted a ‘negative trend’ in its …

S&P Affirms Argo Group US & Operating Companies Ratings; Outlook Stable

Standard & Poor’s Ratings Services has revised its outlook on U.S.-based intermediary holding company Argo Group US Inc. (AGUS) and its U.S. operating subsidiaries to stable from negative. S&P also affirmed our ‘BBB-’ issuer credit and senior unsecured debt ratings …

Ratings Recap: Lancashire, Qatar Insurance, Tunis Re

A.M. Best has commented that the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings of “a” of Qatar Insurance Company S.A.Q. (QIC) and its main subsidiaries remain unchanged following QIC’s acquisition of Antares Holdings Limited. Best added …

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